Bill on introduction of one year-holding period for CGT participation exemption submitted to parliament

On 15 October 2009, an initiative bill was submitted to parliament to amend the exemption of capital gains on shares under the corporate income tax.

Currently, capital gains realized by a company on shares held in a foreign company are exempt from income tax under the participation exemption. No minimum participation and minimum holding period requirement applies.

Because the Belgian system deviates from the other EU member states, it is propos…